The Jamaican dollar suffered losses on Thursday as the world major currencies gained sharply on the US dollar resulting in a decline in the value of the local currency against the Pound, the euro and the Canadian dollar, it also slipped against the US dollar as inflows declined during the period for low foreign exchange.
Dealers bought the equivalent of US$24,746,899 compared with US$26,333,879, on Wednesday while they sold the equivalent of US$27,237,059 versus US$29,923,738 previously.
In US dollar trading, dealers bought US$19,916,588 compared to US$21,903,791 on Wednesday. The buying rate for the US dollar rose 16 cents at $115.87 and US$22,177,217 was sold versus US$27,504,837 on Wednesday, the selling rate rose 7 cents to $116.55. The Canadian dollar buying rate jumped $1.36 to $94.84 with dealers buying C$3,575,485 and selling C$14,665,541, at an average rate that climbed $1.70 to $95.94. The rate for buying the British Pound increased $2.28 to $181.78 for the purchase of £1,119,476, while £717,241 was sold, at an average rate that rose $1.59 to $183.72. At the end of trading, it took J$130.84 to purchase the Euro, 4 cents more than on Wednesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.03 for 11 cents less than Wednesday’s rate. Other currencies bought, amounted to the equivalent of US$147,539, while the equivalent of US$88,643 was sold.
Highs & Lows| The highest buying rate for the US dollar inched up 5 cents to $116.85, the lowest buying, the highest and lowest selling rates remained at $95.36, $122.19 and $95.36 respectively. The highest buying rate for the Canadian dollar climbed $1.20 to $95.95, the lowest buying rate and the lowest selling rates ended unchanged at $74.95 and $90.50 respectively, the highest selling rate was up $1.15 to $97.88. The highest buying rate for the British Pound, climbed $1.90 to $185.15, the lowest buying rate was unchanged at $146.25, with the highest selling rate climbing $2.46 to $189.17 and the lowest selling rate jumping $23.97 to $176.

Sale of all currencies by dealers on Tuesday was greater than the amount purchased by US$3.4 million and the Jamaican dollar lost value all round. Dealers bought the equivalent of US$27,433,039 compared with US$43,691,010, on Monday while they sold the equivalent of US$30,897,534 versus US$35,083,711 previously.
In US dollar trading, dealers bought US$24,476,001 compared to US$39,437,114 on Monday. The buying rate for the US dollar gained 2 cents at $115.80 and US$28,846,312 was sold versus US$32,592,055 on Monday, the selling rate rose 7 cents to $116.43. The Canadian dollar buying rate jumped $1.16 to $93.04 with dealers buying C$1,478,870 and selling C$1,176,046, at an average rate that edged up 27 cents to $94.26. The rate for buying the British Pound increased 93 cents to $178.21 for the purchase of £1,081,405, while £482,003 was sold, at an average rate that rose 42 cents to $180.37. At the end of trading, it took J$130.95 to purchase the Euro, 18 cents less than on Monday , according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.34 for 12 cents less than Monday’s rate. Other currencies bought, amounted to the equivalent of US$104,617, while the equivalent of US$352,440, was sold.
Highs & Lows| The highest buying rate for the US dollar rose 7 cents to $116.82, the lowest buying and the highest selling rates remained at $95.36 and $122.19 respectively and the lowest selling rate declined by 36 cents to $95. The highest buying rate for the Canadian dollar gained 77 cents to $95.57, the lowest buying and lowest selling rates were unchanged at $75.03 and $90.40, respectively but the highest selling rate rose $2.20 to $99. The highest buying rate for the British Pound, rose 60 cents to $181.90, the lowest buying rate remained unchanged at $145.04, with the highest selling rate dropping $2.01 to $184.97 and the lowest selling rate is up $1.15 to $174.75.

Purchases of all currencies by dealers on Monday was greater than the amount sold by US$8.5 million and increases the net purchases by $12.5 million since Friday. The Jamaican dollar remained stable against the US dollar but rose against the Pound and the Canadian dollar. Dealers bought the equivalent of US$43,691,010 compared with US$29,230,364, on Friday while they sold the equivalent of US$35,083,711 versus US$25,122,040 previously.
In US dollar trading, dealers bought US$39,437,114 compared to US$22,763,864 on Friday. The buying rate for the US dollar gained 5 cents at $115.78 and US$32,592,055 was sold versus US$22,000,617 on Friday, the selling rate remained unchanged at $116.36. The Canadian dollar buying rate slipped 32 cents to $91.88 with dealers buying C$1,362,880 and selling C$897,179, at an average rate that dropped $1.29 to $93.99. The rate for buying the British Pound increased 2 cents to $177.28 for the purchase of £1,514,097, while £660,200 was sold, at an average rate that declined 59 cents to $179.95. At the end of trading it took J$131.13 to purchase the Euro, 43 cents more than on Friday , according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.46 for 45 cents more than Friday’s rate. Other currencies bought, amounted to the equivalent of US$853,963, while the equivalent of US$746,010, was sold.
Highs & Lows| The highest buying rate for the US dollar rose 10 cents to $116.75, the lowest buying rate inched up 17 cents to $95.36. The highest selling rate jumped $3.99 to $122.19 and the lowest selling rate grew 17 cents to $95.36. The highest buying rate for the Canadian dollar gained 40 cents to $94.80, the lowest buying rate garnered 4 cents to $75.03, the highest selling fell 70 cents to $96.80 and the lowest selling rate declined 10 cents to $90.40. The highest buying rate for the British Pound, remained unchanged at $181.30, the lowest buying rate increased by $1.62 to $145.04, with the highest selling rate jumping $3.05 to $186.98 and the lowest selling rate remained unchanged at $173.60.